Markos - Neocloud systemic risk is the B/C-tier wave borrowing against weak contracts, not the big names

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Markos - Neocloud systemic risk is the B/C-tier wave borrowing against weak contracts, not the big names

A tracked infrastructure analyst lays out how neocloud stress could spread: newer entrants with weaker customers borrow at high rates from the same lenders and suppliers, so one failure can push the next. That turns this week's CoreWeave credit scare into a question about the tier below the leaders. The Gartner forecast is his citation, not something we verified.

Open on X Markos (@MarkosAAIG)
Markos✓ @MarkosAAIG
Oct 15

A small step back to take a objective look. As @pequityresearch showed, demand is essentially being modeled as infinite, it’s not nebius alone and that’s not healthy. I’m bullish on AI. You’re bullish on AI. Almost everybody is bullish on AI. But sometimes we need to go back a

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A tracked infrastructure analyst lays out how neocloud stress could spread: newer entrants with weaker customers borrow at high rates from the same lenders and suppliers, so one failure can push the next. That turns this week's CoreWeave credit scare into a question about the tier below the leaders. The Gartner forecast is his citation, not something we verified.

8 events
DateTypeEvent
Oct 15 tweetMarkos (AAIG) — neocloud returns now come down to yield on cost vs. 6–9% financing; watch dollar-per-megawatt pricing Oct 9 ArticleAI Money Bought Running Power Plants and Sold the Build-Out Sep 16 tweetParadis — Nebius raises rates on four-year-old H100s, and the GPU-depreciation bear case with them Oct 9 tweetSemiAnalysis — rising H100 rents break the depreciation curve lenders underwrite, with $7T of debt coming Oct 6 ScanMonster Scan Oct 5 ScanMonster Scan Oct 2 tweetSemiAnalysis — Google's GPU cloud climbs to Gold in ClusterMAX, but CoreWeave and Nebius are still the Platinum names it holds up as the bar Oct 2 ScanMonster Scan

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